In our upcoming P2P update, Release 13.3, expected to be deployed in early April 2022, Xeeva introduces Public Catalogs. This feature expands a company’s access to supplier catalog items and adds another avenue to increase compliance by reducing spot buys and controlling maverick spend.    Similar to shopping at Amazon, this feature provides the user:   Access to Xeeva’s large network of suppliers at preferred unit pricing  Cross-catalog intelligent search  Searches for the requested product amongst hosted...

We at Xeeva believe in the continuous journey of improving our solution suites for our users for better usability with new features and enhancements on existing functionalities.  Building on the success of Intelligent Supplier Discovery (released in Jan 2022), this upcoming version further enhances both the buyer and supplier experience.  Buyers can now:  View the Supplier’s business profile that includes additional details by hovering over the supplier's name  Use the expanded search functionality to search...

Spend Analytics Release - version 14 is here! with new features and enhancements that further Xeeva’s commitment to Better Data, Better Insights, and Better outcomes.  While Xeeva continues to utilize intelligence throughout the procurement process to normalize data quality and enrich data by adding attributes, with our next release of Xeeva Spend Analytics, customers will see improved insights generated by our XVA platform helping them to make impactful business decisions in procurement and strategic sourcing. ...

Xeeva is committed to constantly improving our solution suite to bring a more effective, streamlined experience to our users. The latest update, Sourcing 13.7, was released in January 2022 and includes the new Intelligent Supplier Discovery feature.   These features strengthen our Sourcing solution further by providing a list of recommended suppliers to customers.   The buyer now has 4 options while adding suppliers to a sourcing event:   Ability to transfer Incumbent Suppliers from Spend Analytics   Sourcing...

Marketplace keeps getting better.  The below highlights on our Xeeva Supplier Marketplace platform prove that only highly vetted and recognized suppliers make our Xeeva platform a go-to Marketplace across Industries globally. Key New Feature of the release:   Open Catalog is here! The latest feature of Marketplace gives suppliers the added Search and Filter functionality to their dashboard. Suppliers now will also have the option to review and publish their catalog with items and images as well. Additional...

Xeeva had recently enhanced its Supplier Marketplace to support suppliers globally. However, we at Xeeva believe that this is a continuous journey of improving the solution suite for our users. Hence the team has yet again added to the Supplier Marketplace platform, this new feature:  Auction Module/ Access to RFX  Now it is easier for a user to select the correct supplier account when the user aims to access the Auction Module. Since the marketplace user is associated with many suppliers and needs to choose one supplier for a request or need, the Xeeva Marketplace supplier platform now eases this choice with the...

Xeeva Sourcing platform, another product highly in demand, of our Xeeva solution suite, is now even better with our new features and report updates. The latest highlights include:  Supplier participation report:  This has been updated to include new fields that can help the Procurement Managers make better sourcing decisions after reviewing the suppliers' past contract details and other in-depth information.  Event Email template:  This template has been updated to reflect major changes in contact numbers of the results desk as well as the year that...

We are happy to announce our latest release of  Spend Analytics that furthers our commitment that, with Xeeva’s Solution Suite, you get Better Data, Better Insights, and Better Outcomes. Highlights of Release 13.4 include:  Enhancement – Spend amount Display  This allows for the “exact spend amount display” on the Home Page with two decimal places, an improvement from the previous rounded display of spend amount KPI  The create opportunity page as well will display the exact spend amount...

Xeeva is always in a continuous journey of enhancements to improvise the performance of its solutions. Today we want to highlight the new features as well as the strategic enhancements to the existing features that help in bringing completeness to our solution of Spend Analytics.   First, let us highlight the enhancements over the existing features as below:  Enhancement  – Vendor Code of Supplier  This is an important enhancement that helps in uniquely identifying a supplier in the customer’s ERP (Enterprise Resource Planning). Xeeva can now accept the Customer’s ERP system vendor code and display insights on dashboards. This enhancement feature helps Xeeva customers...

It’s important for users to make the right software decisions that meet their buyer needs. In this report, SoftwareReviews collected and analyzed detailed surveys from real end users of various strategic sourcing software to provide an in-depth view into products and vendors that help companies assess the right vendor for them. The SoftwareReviews Strategic Sourcing Data Quadrant report recognizes top sourcing technology vendors that stand out for their capabilities, product features, likeliness to recommend, and...

Sourcing Release 13 Objectives Xeeva Sourcing Release 13.0 (R13) significantly improves the performance and usability of the system with a particular focus on making it easier to quickly define and execute tactical sourcing projects or events to rapidly realize savings. In particular, insights identified by Xeeva Spend Analytics can be directly actioned into Xeeva Sourcing as a new opportunity that the sourcing team can quicky act upon with minimal need for additional data input. In...

1. New Data Insights Several new insights were added to Xeeva Spend Analytics, including: Item Quality This insight displays the quality of the item data that was received from a customer’s ERP, AP, and other internal systems that track indirect spend data. This insight also shows which items were cleansed by the XVA Platform, Xeeva’s rule-based AI engine. Item Enrichment This insight compares the quality of the item description that exists in a customer’s internal...

Summary of Procure-to-Pay Release 13 (R13) Xeeva Procure-to-Pay (P2P) R13’s main focus is to make the system flexible and intuitive to operate with a contemporary design. With R13, we’re introducing a guided buying experience for requesters, which provides a smart and easy-to-use interface for users to create any type of procurement request. These actions can include catalog buying, spot buys, service requests, and guided non-catalog requests, as well as leveraging other buying channels like quick...

Do you know what your spend data is telling you? During the global pandemic, it has become even more important to look at your costs to evaluate risks, operating capital, and opportunities to save. Watch our on-demand webinar to learn our four-step process to attain savings. Co-hosted with , , and About Precision Metalforming Association (PMA) PMA is the full-service trade association representing the $137-billion metalforming industry of North America—the industry that creates precision metal...

Optimizing your maintenance, repair, and operations (MRO) spend has the potential to significantly improve your business performance and agility. Discover the right tactics and technology to help you surface savings opportunities and actionable insights from your MRO to improve procurement processes and create strategic value for your business. Read this guide and learn: 5 essential components to include when building a program to effectively manage MRO spend How to overcome the challenges that stand in...

Why traditional rules-driven spend analytics is no longer enough With data growing daily, it’s important to be able to interpret and visualize it to get any value. Most organizations, however, struggle with data quality and relevance. That’s why having good analytics support for procurement and sourcing is a foundational capability for modern procurement organizations today. Read this whitepaper, written by Spend Matters, to find out how you can gain a competitive advantage by utilizing a...

When it comes to indirect procurement, setting your organization up for success is a marathon, not a sprint. To reach the ultimate destination of spend under management and real-time visibility into where, what, and how your organization is spending money, consider creating a roadmap that’s broken out into smaller, more attainable steps. Doing so will help you ensure the right balance between addressing the tactical needs of your business and building the strategic foundation to...

In these unprecedented times, our economic outlook is uncertain. One thing is abundantly clear though – companies will lean on procurement teams to do more with less: Gain instant spend visibility into savings Drive sustainable cost-efficiency Navigate uncertain supply Reach new categories quickly No matter your situation, your team will be asked to operate differently. How do you prepare? What tools and resources will you need to meet these new requirements? And how will your...

As a procurement leader, you want to gain a deeper understanding of and visibility into enterprise spend. This starts with having operable data to set the foundation for your procurement optimization efforts. Leverage digital technology to achieve spend visibility and uncover intelligent insights that allow you to tap into savings opportunities of up to 20%, place up to 89% of spend under management, and ultimately evolve your indirect procurement function into a strategic source of...

SPEND ANALYTICS 1. New: Automated Insights The system now automatically generates a range of targeted Insights identifying actionable savings opportunities.  Each Insight includes an estimated potential Savings amount calculated from the spend data and are grouped into opportunity Types according to the next best action users can take to drive savings, and are supported by the underlying data that defines the Insight, typically at the individual items level. 1.1. Insight Confidence Level The Insights are...

A playbook for finding savings and expanding value Despite the fact that it can make up as much as 15% of the annual revenue for most businesses, indirect spend is often viewed as merely a back-office function. What’s more, ignoring indirect spend could lead to missing out on its hidden savings potential. In this guide, procurement leaders will discover how to optimize indirect spend in order to impact their organization’s bottom line. What you’ll learn:...

It’s no secret that procurement and sourcing organizations suffer from issues with spend data quality. Getting to high-quality data requires improvements in various areas, including cleansing, classification, and enrichment, among others. Watch Xeeva and Spend Matters take a look at a handful of these issues, discuss the challenges of spend classification today, and uncover how to stop the bleeding of spend leakage in procurement within your organization during our co-hosted webinar. What you'll learn Why...

1. Buyer Assistant Applies to Configurability Buyer Assistant if Licensed & Enabled Buyer during Award steps of Spot Buy workflow Admin role Xeeva (back office) Buyer Assistant is Optional by Location/Default: OFF Adds UI features (Buyer), learning enablement for the BA engine additional business rules (Admins) 1.1. New:  Buyer Assistant -Supplier Feedback during Award Buyers will now be able to provide qualitative feedback to the Buyer Assistant about award recommendations made during the ACTIVE stage,...

1. New: Supplier Categorization Applies to Configurability Overall solution, Invisible to Supplier Requester, Buyer Associated reports Optional by Customer/Default: OFF Suppliers are Active/Valid or Inactive as before, if OFF A vital part of procurement is to channel spend towards strategic & key suppliers and to manage policy and compliance in accordance with supplier standing. With this enhancement suppliers can now be clustered into various (max 4 – see figure) customer-defined categories based on the level...

In 2019, a primary focus for many procurement organizations is finding new sources of value. This will be largely driven by innovative approaches, as most of the quick and easy wins have already been identified. This section of the CPO Rising 2019 report dives into recommended strategies and approaches for CPOs and procurement departments to improve their operations & get better results. What you’ll learn: Why it's important for procurement to lead the way when it comes...

Many procurement organizations will be focused on finding new sources of value in 2019. Innovative approaches will drive these new sources of value because most of the quick & easy wins have already been identified. This section of the CPO Rising 2019 report examines how to use performance and operational statistics as benchmarks to measure your organization's performance. It also looks at how "Best-in-Class" performers maintain a competitive advantage. What you’ll learn: What defines "Best-in-Class"...

Exploring strategies for enabling purchasing compliance across procurement processes Even for companies with strong procurement teams and the best of intentions, it is virtually impossible to stay 100% compliant with purchasing policies, budgets, and contracts across the entire organization. So many purchasing decisions are made on the fly and in real time, and even a small amount of spend slipping through the cracks in controls can have a large financial impact on an organization’s bottom...

In 2019, finding new sources of value is a primary focus for many procurement organizations. This will be largely driven by innovative approaches, as most of the easy, quick wins have already been identified. This section of the CPO Rising 2019 report takes a deep dive into the current state of procurement. It analyzes current capabilities (in areas such as people, processes, and technology) and looks at ways for procurement to improve their performance in...

Listen to the full interview! Hear our interview with Charlotte de Brabandt, Institute for Supply Management's (ISM) 30 Under 30 Rising Supply Chain Stars 2017 Megawatt Star and member of ISM's Thought Leadership Council, about the impact of technology on the future of procurement, and how to prepare for these inevitable changes.

A primary focus for many procurement organizations in 2019 is finding new sources of value. As most of the quick & easy wins have already been identified, innovative approaches will drive these new value sources. This section of the CPO Rising 2019 report focuses on the role of the Chief Procurement Officer. It dives into the level of engagement and alignment they have today, as well as the key drivers and challenges that have shaped,...

Finding new sources of value is a primary focus for many procurement organizations in 2019. As most of the quick & easy wins have already been identified, innovative approaches will drive these new value sources. Finding these catalysts, building them out, and constructing different ways to leverage these new value drivers is the focus of Ardent Partners' CPO Rising 2019: #ValueExpansion report. What you’ll learn: The current state of procurement & how it has changed...

In 2019, one of the main focuses for procurement organizations is finding new sources of value. This will be largely driven by innovative approaches, as most of the easy, quick wins have already been completed. Identifying these catalysts, building them out, and constructing different ways to leverage these new value drivers is the focus of CPO Rising 2019: #ValueExpansion. Learn how value expansion can affect your organization in this webinar, where Andrew Bartolini, Founder &...

Emerging tech – including AI – is having an impact on procurement. Most of the time when you hear about technology, you hear just about the buzzwords, and very rarely get tactical examples. To learn specifics on actual steps your organization can take to implement advanced procurement tech, watch our webinar, featuring Hugo Evans, Vice President at A.T. Kearney, along with Vikas Shah, our SVP of Growth & Business Development, Marisa Pierron, our Customer Success...

1. New: Buyer Assistant Applies to Configurability Spot Buy workflow Buyer experience if Buyer Assistant is Licensed and Enabled N/A: Changes experience and UI if Buyer Assistant is enabled Buyer Assistant can be selectively enabled by Location The Buyer Assistant module provides an intelligent, learning-driven capability to automatically drive Spot Buy execution by generating supplier inclusion and award decision recommendations. A demonstration is recommended to understand Buyer Assistant capability and operation Buyer Assistant can operate...

Reducing maverick spend is one of procurement's biggest challenges. Luckily, digital transformation is happening. Specifically, advanced technology has the potential to solve this and many other procurement problems. Want to find out how? Watch our webinar featuring Institute for Supply Management’s (ISM) Managing Director of Global Operations, Lane Burkitt, and our Chief Strategy Officer, Steve Griffiths! What you’ll learn Why maverick spend is a problem for procurement organizations Ways that emerging technologies can reduce maverick...

Due to its complex and fragmented nature, indirect procurement can be difficult to manage. When you factor in the automotive industry’s specific set of demands, it becomes even more convoluted. This can be frustrating, but you don’t have to accept the status quo! Read this whitepaper to find out what the biggest indirect procurement problems in automotive are and how they can be solved with advanced tech. What you’ll learn: Reasons why indirect procurement in...

You can’t go anywhere these days without hearing about AI. It’s all around us, from self-driving ride shares to Facebook using facial recognition to know which of your friends you just uploaded a picture of. But you might not know how AI is already impacting the procurement space. Think of all the things that frustrate you about your current indirect procurement process: disjointed and unstructured operations, multiple systems, and no visibility into your spend –...

Do your procurement problems have you feeling like you’re stuck in the mud? (Pun intended.) Trying to navigate your indirect spend with numerous suppliers, thousands of component parts, and multiple locations and buyers is sometimes like being trapped in a traffic jam. The good news – innovative technology solutions can clear up those bottlenecks and make your procurement journey a whole lot smoother. Whether you're a CPO, sourcing manager, or corporate finance professional, watch the...

It’s not enough to use any old procurement data you might have to make business decisions. Even worse is to not utilize your source-to-settle analytics at all. You need to start with the right data. We understand that this can be challenging but that’s where advanced, AI-based technology can help. Find out how you can improve your procurement data to make a positive impact on your organization. What you’ll learn: Why procurement data is important...

Have you ever wanted to clone your best buyer – essentially having an assembly line that could replicate what makes that buyer amazing and being able to watch as your procurement process improves with best practices, tools, and streamlined processes in place? In this helpful infographic, you’ll see how your organization could benefit from implementing an AI-powered procurement and sourcing software to tackle procurement challenges and get immediate results. Check out the fun infographic to...

Taking on the complexity of indirect spend is no easy task. Discover what the biggest challenges are, ways to confront them, and how to tackle the next phase of indirect spend. What you’ll learn: How to optimize indirect spend The benefits of cutting costs and discovering savings opportunities Why it drives value to apply new AI technology & modern thinking to indirect spend

Is your organization ready to take on indirect spend? This quiz goes through some of the key procurement strategies and technology capabilities that you need to successfully tackle indirect spend. To get your grade – just answer the questions below, tally them up, and discover if your organization has what it takes.     If you didn’t answer yes to everything, check out our educational whitepaper to learn more about integrating AI technology into your...

Instead of having a procurement team with 15 different commodity managers who all follow different processes yielding differing results, what if you could create a procurement team full of your absolute best buyer? Read more to find out how using procurement software to clone your best buyer can help you standardize the source-to-pay process and improve performance. What you’ll learn: The challenges organizations face in delivering cost savings, impacting the bottom line, and managing talent...

This Paystream report explains the challenges in requisition, ordering, and payment for indirect procurement. Advanced indirect procurement platform technologies, including catalogs, order management, supplier management, payment, reconciliation, and spend analysis are covered. Read the report to find out how purchase-to-pay (P2P) automation can help your organization. What you’ll learn: Indirect spend process trends in the current market The features and benefits to look for in a P2P software The steps you should take when adopting...

This exclusive technology guide from Paystream offers global insights from top market and product analysts on the results driven by source-to-settle (S2S) solutions for the manufacturing industry. Learn more about the leading capabilities of S2S software and adoption best practices for manufacturing organizations. What you’ll learn: The 6 solutions that a source-to-settle automation software should include Source-to-settle process trends in manufacturing The value of adopting a specialized source-to-settle software